28/4/2025, 9:56:02 pm

Deloitte flags lapses in VerSe Innovation’s internal control

Deloitte flagged critical lapses in VerSe Innovation's internal financial controls, citing weaknesses in supplier management, virtual asset handling, and revenue recognition. The auditor noted risks of misstatements and potential fraud but affirmed the company's FY24 financial statements as "true and fair." VerSe reported Rs 1,029 cr in revenue and a Rs 889 cr net loss, amid governance concerns.